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Lessons From a DeFi DAO Divorce

All was going according to plan until Rari’s core product, an “open money market” called Fuse, was attacked. Fuse enabled anyone to create liquidity pools to trade any number of Ethereum-based tokens, often against the FEI stablecoin. On Apr. 30, it was hit with an $80 million re-entrancy attack, all but draining the project’s liquidity.